Tag: Danske Bank
Danske Bank: Almost a fifth of Finns are considering moving due to rising costs
60 percent of the respondents stated that they have not considered moving. According to the report, the rise in housing costs has caused especially young adults to weigh their options. While 24 percent of 18–34-year-olds said they were considering moving or actively intending to move, the corresponding share among 34-54-year-olds was 19 percent. Almost a […]
MobilePay may soon start collecting payments from its customers
MobilePay may soon start collecting payments from its customers, according to a report today The stock exchange. Claus Bunkenborg, the head of Mobilepay in Denmark, tells finansavisen that an overhaul is being seriously considered after a loss of DKK 342 million for 2022, with another large deficit expected this year. “Of course we’re thinking about […]
Spending cuts of six billion euros can be harmful to Finland, an economist tells YLE
Kuoppamäki on Tuesday told According to YLE, achieving the goal with spending cuts could even be harmful to the national economy and added that there is almost no room for large tax increases. “Six billion euros is a very good, but also an ambitious goal. It is very difficult to achieve that with just spending […]
Danske Bank sees the outlook for the Finnish economy improving
The financial institution stated in its forecast that growth will however remain slow and the government’s debt will continue to grow.
Housing prices in Finland continued to fall in February
However, compared to January, prices nationwide rose by 1.2 percent. Pasi KuoppamäkiDanske Bank’s chief economist, reminded in a tweet that the real estate market tends to pick up in the spring, which explains the moderate monthly increase in prices and volumes. “Compared to last year, activity is still subdued and consumers have very few purchase […]
The saving rate of Finnish households has been at a new low since 2006
The savings rate had reached its highest level since the turn of the millennium (9.7%) in the second quarter of 2020, when spending opportunities were limited by, for example, event, outdoor and travel restrictions. “Few bought so much consumer electronics that it took all of their savings” Pasi Kuoppamäkisaid Danske Bank’s chief economist to Helsingin […]
Danske Bank updates its investment outlook: Stocks and bonds are weighted neutral
The increase in the neutral weight of stocks is due to the fact that the darkest clouds in the market have disappeared. Kivipelto, however, advises stock investors to be cautious about geographical diversification. “We are overweight in emerging markets. In addition, we still have a neutral weight on US and Japanese stocks. Regarding Europe, we […]
The Estonia scandal hits Danske Bank hard on the bottom line
Riding the storm in 2023With the Estonia scandal out of the way, Danske Bank expects that 2023 will reflect more positively on the bank’s finances. On the basis of increased interest income, which the bank estimates will continue for the foreseeable future, the financial result for 2023 is predicted to land at around DKK 15-17 […]
The bank warns that building societies are threatened with a maintenance fee increase of up to 20 percent
Danske Bank says that residents of housing associations should be prepared for the fact that the monthly maintenance fees will rise by 10-20 percent this spring.
Almost half of the Danish retailers expect to raise prices over the next three months – survey
Do you ever get the feeling that there are no bargains in the supermarkets in January because they went over-the-top in the build-up to Christmas? Discount butter to spread on duck, discount butter for a dollop of Risalamande, discount butter to mix with cinnamon for countless portions of porridge while watching the Christmas calendar – […]
Almost half of the Danish retailers expect to raise prices over the next three months – survey
Do you ever get the feeling that there are no bargains in the supermarkets in January because they went over-the-top in the build-up to Christmas? Discount butter to spread on duck, discount butter for a dollop of Risalamande, discount butter to mix with cinnamon for countless portions of porridge while watching the Christmas calendar – […]
Business Round-Up: Inflation continues to fall … slowly
Inflation in Denmark continues to fall…albeit slowly. In October it reached 10.1 percent – ​​the highest rate in 40 years – but it began to fall in November and again in December. According to Statistics Denmark, it fell from 8.9 to 8.7 percent in the last month of the year – still far higher than […]
Business Round-Up: Inflation continues to fall … slowly
Inflation in Denmark continues to fall…albeit slowly. In October it reached 10.1 percent – ​​the highest rate in 40 years – but it began to fall in November and again in December. According to Statistics Denmark, it fell from 8.9 to 8.7 percent in the last month of the year – still far higher than […]
Danish news: Stop! There were no bank robberies in 2022
In mid-December, CPH told POST how there were only two banks left in Denmark with tellers. They are both branches of Danske Bank and are located in Copenhagen and Aarhus, and TV2 was able to demonstrate that both tend to have very long queues. But the frustration of pensioners who never got a NemID account […]
Danske Bank: Nordic companies widely ignore the risks and opportunities related to biodiversity
The assessment revealed that 71 percent of companies are exposed to a material diversity risk due to their dependence or influence. Still, less than 15 percent of them have taken the goal of reducing their biodiversity or restoring nature. “Although Nordic companies are exposed to biodiversity risks, they do not set biodiversity targets and do […]
Denmark down to the last two banks!
When Queen Elizabeth II died, many Britons visited royal buildings, saying they wanted to pay their respects and be “part of history”. Well, now the Danish public has a chance to say the same by taking part in the most archaic of transactions: withdrawing money from a bank teller for the very last time. According […]
Right now: Danske Bank is fined 2 billion dollars
The major Danish bank Danske Bank has agreed to fine 2.06 billion dollars, equivalent to 15.3 billion Danish kroner, for the money laundering scandal in Estonia. This is stated in a press release, writes NyhetsbyrÃ¥n Direkt. During 2018 and 2022, Danske Bank has reserved a total of 15.5 billion Danish kroner, which will cover the […]
Inflation fell in Denmark in November – finally!
Several financial analysts have hailed November’s dip in inflation as a sign of what’s to come in 2023, but warned that the rate will continue to be high in December – not least in line with the high prices homeowners face to heat their homes during the current cold spell. and the rest of the […]
The increase in employment is a welcome sign that the recession has not yet started in Finland
Statistics Finland also revised its estimate of the previous month’s trend, raising it from 73.8 percent to 74.1 percent. The trend of the unemployment rate remained at 6.9 percent, while the number of unemployed decreased by approximately 2,000 to 162,000. Jukka AppelqvistThe chief economist of the Chamber of Commerce estimates that the results of the […]
The quick assessment raises concerns about a recession in Finland
Adjusted production in April-June grew by 1.7 percent from the previous quarter. The estimate raised concerns among many economists that the contraction of the national economy will continue in the fourth quarter and thereby slide into recession. The technical definition of a recession is negative GDP growth for two consecutive quarters. “That’s how it starts, […]
Energy prices are falling: bills have halved since August
Between August and October, the electricity price fell by two-thirds on Nord Pool, the Nordic electricity exchange. This meant that the average household bill for October was less than half of August – falling from DKK 1,900 to DKK 900 – the lowest expenditure since May. However, Denmark is not out of the woods yet, […]
Gas prices are falling, reserve full to capacity, but don’t get too complacent!
The gas situation is improving in Denmark. Much better! The EU countries recently set a target to raise their gas supplies to 85 percent of storage capacity before the start of winter, and Green Power Denmark and Energinet can now confirm that the Danish reserves are full to the brim: enough for two to three […]
National Round-Up: Municipalities take measures to lower energy consumption
Schools can lower the temperaturePrimary schools are also looking at lowering heating temperatures to reduce energy consumption. Svendborg Municipality has already lowered the temperatures from 21 to 20 degrees in all its primary schools and kindergartens. The Danish Energy Agency also encourages households to cut down on energy consumption at home and has made a […]
Finnish lenders report a decrease in demand for mortgages
The average interest rate on new mortgages, on the other hand, rose from 0.73% in June 2021 to 1.59% in June 2022. The loan margin accounted for an average of 0.82 percentage points, compared to 0.7 percentage points a year earlier. . Finland’s leading mortgage lender OP Financial Group has reported that it granted 15 […]
Consumer confidence at its lowest ever – Statistics Denmark
Danmarks Satistik announced that consumer confidence has hit minus 25.6 for July – the lowest figure since registrations began. It is therefore the third month in a row with historically low consumer confidence in Denmark. According to Kristian Skriver from Dansk Erhverv, the declining purchasing power is largely to blame. “The historically high price increases […]
Business Round-Up: Cycling leads to fewer sick days and increased savings – Danish Industry
If people in Denmark had to cycle 10 percent more than they do now, it would result in over 235,000 fewer sick days, 12.5 million liters of saved petrol and diesel and DKK 2.5 billion in socio-economic health benefits, according to an analysis of Danish Industry (DI) Transport. But even though Denmark has one of […]
Danish news Round-Up: The Danish government no longer recommends vaccines for children
Søren Brostrøm, head of the National Board of Health, explained at a press conference on Wednesday that the COVID-19 vaccine will no longer be recommended for children. Instead, only the particularly vulnerable and Danes over the age of 50 will be recommended a vaccine for the autumn. The Prime Minister defends the decisionAccording to Brostrøm, […]
Service disruptions affected Finnish bank customers
Bank customers in Finland had service disruptions on Wednesday, and many reported that their monthly salary or benefits had not been credited to the bank account. Several customers of Nordea, Danske Bank and S Bank who experienced the problem found out on social media on Wednesday morning what caused the disruption. Nordea Bank tweeted the […]
Yle: A leaked inspection shows that Nordea has ignored money laundering concerns
An internal report issued by Luminor Bank in 2019 points to serious shortcomings in the anti-money laundering practices of Nordea and DNB’s Baltic unit in Norway. Luminor Bank was founded by Nordea and DNB in ​​2017. Yle’s investigation unit MOT found that billions of dubious euros were flowing through the Baltic offices of the two […]
Demand for mortgages has fallen in Finland, according to a barometer
The Russian war in Ukraine has shaken consumer confidence in the economic situation. The barometer results also reflect widespread expectations of rising interest rates as a result of rising consumer prices. “Russia’s military action in Ukraine creates a climate of general insecurity in Europe”, Mariia SomerlaSenior expert in Finance Finland, said To Helsingin Sanomat. “Rising […]
Monday’s newspapers: Signs of recession, rising energy costs and donations to Ukrainians
Rising inflation and Russia’s invasion of Ukraine have increased fears of a future recession in Finland. However, economists said Helsingin sanomat newspaper that there is no need to worry too much, saying that Finland is now better prepared to cope with the recession than during the recession of the early 2010s. In the aftermath of […]
Experts agree that the living standards of Finns are falling due to rising prices and interest rates
– All in all, it is a matter of taking three steps forward, and now it seems that we need to take one step back, he summed up. In May, Statistics Finland reported that inflation accelerated to 5.7 per cent in April, mainly due to higher energy prices and agricultural inputs due to the Russian […]
Russian oil embargo will maintain high gasoline prices
May extend into 2023“The typical citizen will have to get used to the high gas prices we have seen this year continue in the coming months or through the rest of the year,” This is what commodity analyst Jens Nærvig Pedersen at Danske Bank says, according to Avisen Danmark. The EU agreed to phase out […]
Wednesday’s magazines: NATO hurdles, protein from the air and aging icebreakers
Turkey’s roadblock to Finland and Sweden’s NATO membership have been in the news all week. Diplomats from the two Nordic countries are expected to meet with a Turkish delegation in Ankara to discuss Turkey’s concerns and demands on Wednesday. However, Turkey is not necessarily the only obstacle to Finland’s and Sweden’s accession to NATO. According […]
Develop your contacts, skills and confidence as you learn from the best at CBS
The Danish Business Authority, the Danish Business Authority, has identified a large number of companies and research environments that perform at the top of their fields and create a respected innovation ecosystem throughout Denmark. This innovative world attracts both local and international talents with cutting-edge skills. As today’s business world is undeniably fast-paced, professionals aiming […]
Consumer confidence in Finland will continue to weaken during April
Both consumer confidence and business expectations of economic development declined again during April. According to a study by Statistics Finland, consumer confidence has been weaker only on two previous occasions, with the onset of the Covid crisis in April 2020 and the end of the 2008 global financial crisis. Similar levels were recorded last month, […]
Consumer prices exceeded expectations by rising by 5.8% in Finland in March
Both YLE and Helsingin Sanomat emphasized in their reports that consumer prices have not risen at the same pace since 1990. Jukka Appelqvistthe chief economist of the chamber of commerce pointed out press release that while diesel and gasoline prices are still the subject of most public inflationary debates, price increases have gradually become more […]
APN podcast: Finland is facing a changed world
As Russia’s war against Ukraine approaches for the third week, the All Points North podcast analyzes the response of Finnish society to the crisis. APN is visiting the extradition center in Tampere, as the aid organizations say they have received "unprecedented" the level of donations after the deadly attack on Russia. "People bring everything from […]
The Russian attack could upset the Finnish housing market
Russia’s attack is a risk to economic growth, but economists say the collapse of real estate in Finland’s major cities is short-lived. Until a few weeks ago, economists predicted that housing prices in Finland would rise by an average of 2.5 per cent this year. In January, OP Bank said that Finland was facing the […]
Survey: Men are more skeptical about ESG investments than women
The Danske Bank unit Danske Invest has recently conducted a survey of investor preferences in Denmark, and the analysis revealed that women are more willing than men to sacrifice returns in order to maintain environmental, social and managerial (ESG) goals. In fact, 59 percent of men were willing to invest in companies that ignored sustainability, […]
Russia’s invasion of Ukraine causes shares to plummet in Denmark
Russia’s invasion of Ukraine has resulted in shares falling all over the world. At opening time this Thursday, the Danish C25 index of the country’s leading shares had fallen by around 4.79 percent. An hour later, it had returned by 2.8 percentage points, then still a decrease of 2 percent compared to yesterday. The index […]
The Helsinki Stock Exchange is counting on the fear of an attack on Ukraine
The trading week has started with a significant decline. Share prices on the Helsinki Stock Exchange fell by 3.6 per cent on Monday and recovered slightly in the afternoon. Markets also fell elsewhere in Europe, worried about a possible Russian invasion of Ukraine. According to Nordea Bank’s Chief Investment Officer Antti SaariAs early as Friday, […]
Business Round-Up: Government Refuses to Help Majority of Homeowners Affected by Paralyzing Heat Bills
The government is strongly opposed to a proposal to financially help hundreds of thousands of people in Denmark with huge heating bills – primarily homeowners serviced by gas, where there is no alternative energy supply. Yesterday, the Danish People’s Party and the Conservatives presented a bill that proposes that the government should help the affected […]
HS: Mortgage rates are expected to rise significantly in the coming years
“The situation has been quite favorable in recent years from the perspective of mortgage borrowers. Euribor rates have been in the negative range, which has basically meant that the base rate has been zero in most loan agreements. Mortgage borrowers have practically only paid margins, “he explained to the newspaper. The interest rate on a […]
Thursday’s newspapers: Banknotes from Russia, banking service and bad Olympic snow
This week’s written communication from Russia has been a traumatic experience for Finns, and there has been much more coverage in the Finnish media than in other countries that have received similar letters. To sum up: On Monday, Russia sent a list of security policy requirements to several EU and NATO countries and asked them […]
Consumer confidence in the economy increased in January
Consumers’ confidence in the economy improved in January compared to December 2021, according to Statistics Finland. However, confidence weakened a year ago. The consumer confidence indicator’s January result of -1.7 is in line with the long-term average. The CCI was -3.5 in December and 1.2 in November. In January last year, the confidence indicator was […]
Danish News Round-Up: Denmark again the least corrupt country in the world
Denmark shares first place in annual corruption index published by Transparency International. Right first were New Zealand and Finland, and all three scored 88/100. Denmark’s score peaked at 92 in 2014, but its score dipped to 87 in 2019, so it is on its way up again. All Nordic nations in the top 16 The […]
Local Round-Up: Every other Dane’s favorite childhood memory, Tom McEwan, is back in business!
Ask Danes who grew up in the 1970s and 80s to name their favorite children’s entertainers, and the name of a Scot pops up with countless regularity: Tom McEwan. As a regular performer on Copenhagen’s stages until the end of the first decade of the century (mainly at That Theater Company), he has in recent […]
Performance Review: You would be crazy not to tell your friends about it
This year’s Crazy Christmas Cabaret was two years in the making and the evidence was in the script! ‘Tell Me About It’ had not just a surprising ending that perfectly hailed it as the 40th anniversary show, but a whole lot of twists that are more akin to an M Night Shyamalan movie, but without […]
According to EK, business confidence will rise, but consumers will be more cautious in November
The level of business confidence in Finland continued to rise in November, according to the Confederation of Finnish Industries EK. Employer lobbies found that confidence grew in industry, construction, retail and trade. However, the confidence indicator for service companies weakened slightly compared to October, but remained above the long-term average, according to the Confederation. "Yes, […]
Business acquisition: Every third municipality has financial constraints
More than a third of the country’s 98 municipalities are victims of an unequal distribution of funds, according to a survey conducted by TV2. Langeland Municipality, for example, with just over DKK 2,000 liquidity per capita, is the one with the worst finances, according to the report. Academics agree Per Nikolaj Bukh, professor of financial […]
Inflation exceeds 3% for the first time in almost ten years
In October, consumer prices rose by 3.2 per cent year-on-year, Statistics Finland said on Monday. It was 2.5 percent more than in September. Inflation was driven by higher energy and home improvement costs. The last time inflation was over three per cent in Finland at the beginning of 2012. In October, consumer prices were boosted […]
The LEI code can now be renewed automatically
Legal Entity Identifier, also known as LEI code, is a unique global identification number for a company to identify participants in financial markets. For example, if a company is registered in Denmark and would like to buy or sell some shares in Danske Bank, then from 3 January 2018 it is mandatory for this company […]
The Swedish authorities’ Swedbank suspected EU rule violation investigation is completed – ERR
The Swedish Financial Supervisory Authority, Finansinspektionen (FI), had investigated suspected violations of EU rules on market abuse at Swedbank AB, but announced that the investigation had been closed without any comments. Jens Henriksson, President and CEO of Swedbank, said: “One by one, we leave the historical issues behind us to instead focus entirely on our […]
Authorities messed up in case of fuel for Syria
* In December 2016, the Danish Business Authority asked Dan-Bunkering for a statement. The company responded in January 2017, and in February the agency reported the case to the Bagmandspolitiet, which forwarded it to the Funen Police. * For a long period, the case was not investigated by the Funen Police. * In August 2018, […]
Business Round-Up: Economic Experts Encourage Foreign Recruitment to Facilitate Labor Shortages
The acute shortage of labor in Denmark has been linked to Danish Industry as “The largest recruitment crisis in Danish history”. Last month, the government presented the reform ‘Denmark can do more‘. Last week, the government stepped in an agreement with national recruitment associations to strengthen efforts to match the unemployed with job vacancies and […]
The National Audit Office must calculate the price for rescuing the banks
The purpose at the time was to get the pension funds to sell foreign securities in favor of the Danish government bond, whereby currency was released to the banks that could not pay installments on foreign loans. The banking packages that were supposed to save and protect the banks during and after the financial crisis […]
The calm temperament benefited him
The businessman has rich experience to share. He has experienced massive success – but also a dramatic firing, which he did get up from. For Sten Scheibye, the road to the top of the Danish medical industry was founded through a time in the military and later a master’s degree in physics and chemistry from […]
The beer king from Skælskør stubbornly persists
Chairman of the Board of Harboe Brewery Bernd Griese turns 80 on Tuesday 28 September. The beer king has actually grown so much with the company that it gave rise to an unusual drama at the most recent general meeting in August. Here, two of the main shareholders, Nordea and Danske Bank, tried to get […]
The beer king stubbornly persists
Chairman of the Board of Harboe Brewery Bernd Griese turns 80 on Tuesday 28 September. The beer king has actually grown so much with the company that it gave rise to an unusual drama at the most recent general meeting in August. Here, two of the main shareholders, Nordea and Danske Bank, tried to get […]
Employment increased, unemployment decreased in Finland in August
In August, there were 44,000 more employed men and 59,000 more employed women than a year earlier. Pasi Kuoppamäki, Chief Economist at Danske Bank, interpreted the statistics as evidence of continued economic recovery. This in turn draws people from the unemployed to the employed. “Companies are recruiting more labor, as evidenced by the increase in […]
Survey: Nearly half of car buyers would consider an electric or hybrid vehicle
The coronavirus pandemic has reversed a trend in which young people’s interest in owning a car has weakened, a new survey released on Friday claims. According to the Car Barometer 2021 survey, people under the age of 36 are likely to have increased their cars and reduced their use of public transport. About a quarter […]
Survey: Nearly half of car buyers would consider an electric vehicle
The coronavirus pandemic has reversed a trend in which young people’s interest in owning a car has weakened, a new survey released on Friday claims. According to the Car Barometer 2021 survey, people under the age of 36 are likely to have increased their cars and reduced their use of public transport. About a quarter […]
Nearly half of car buyers would consider an electric vehicle, according to the study
The coronavirus pandemic has reversed a trend in which young people’s interest in owning a car has weakened, a new survey released on Friday claims. According to the Car Barometer 2021 survey, people under the age of 36 are likely to have increased their cars and reduced their use of public transport. About a quarter […]
Danske Bank raised its growth forecast as the threat of a pandemic diminishes
“We have raised our growth forecast, especially for this year” commented Jukka Appelqvist, Economist at Danske Bank. “The outlook for the rest of the year and winter has remained largely unchanged since our previous forecast was made. However, the development we have seen has been better than expected. “ “Next year, the economy will continue […]
Danske Bank updated its economic growth forecast
In a statement released on Wednesday, Danske Bank said the Finnish economy will improve as the government continues to lift restrictions on Covid and companies can operate. "almost normally." The bank raised Finland’s GDP growth forecast for 2021 to 3.3 per cent and a lower 3.0 per cent in 2022 due to a shortage of […]
Danske Bank: Shares have yielded the highest returns this year
The Nordic financial services provider advised that now is not the time for investors to add risk to their portfolios, as the normalization of economic growth may prevent equities from being valued. “Economic growth has peaked. Growth gained significant momentum in late spring and early summer, as the introduction of coronavirus vaccines made it possible […]
The government will drop offsetting in retirement
According to the plan, old-age, senior and early retirement pensioners must be able to receive their full pension – regardless of whether their spouse or cohabitant has a working income. – I know that this is something that is very much on the minds of many people, said Prime Minister Mette Frederiksen (S) at the […]
Employment in Finland has risen to pre-pandemic levels
“One could say that some sort of milestone has been reached in the labor market in terms of recovery from the coronavirus crisis,” commented Jukka Appelqvist, Economist at Danske Bank. The number of employed increased by 86,000 from the previous year to just over 2.6 million, with the share of men increasing by 45,000 and […]
The tight-lipped businessman had to open his mouth
On Sunday 15 August, former director and chairman of the board Alf Duch-Pedersen turns 75 years old. Most recently, Alf Duch-Pedersen was Chairman of the Board of Danske Bank and the Danish-British security group G4S. But previously he was, among other things, CEO of the insurance group Tryg-Baltica and later the food giant Danisco. Regarding […]
High employment shows the way out of the crisis
With the increase in April, there were a total of 2,787,000 people with a salaried job. This is only 14,000 lower than the number of employees, just before Denmark closed down in the spring of 2020 due to the corona outbreak. At the time, the level was record high. If you ask chief economist at […]
Banks: Rising house prices in Finland will slow down as the epidemic decreases, borrowing is limited
“People have been looking for more spacious houses when supply has been low by chance. We expect the opening up of societies to push household consumption from housing to other areas, which will slow the rise in prices. ” Las Olsen, Chief Economist of Danske Bank, commented on Friday. The Nordic authorities are also expected […]
The government wants banks to take over corporate debt
While companies continue to borrow money from the Danish Tax Agency to pay VAT and A-tax, the government is working behind the scenes to get the country’s banks to take over the special corona loans, which currently run up to DKK 30 billion. This is stated by several sources with insight into the process to […]
The company doctor finds the sore points
On Tuesday 10 June, businessman Ole T. Krogsgaard turns 85 years old. He has always had a hard time keeping his mouth shut if there was anything he was unhappy with. Ole T. Krogsgaard himself has said this several times in interviews. This is also noticeable when you see his extensive production of debate posts. […]
The shadowy sides of life fascinate Ramsland
It was not a concern he could share with his parents. But when he dived into Kirkegaard’s universe with the evil Orla, he felt recognized. Since then, Morten Ramsland has tried to give his own readers the same experience. By tackling themes that can be painful and difficult to talk about, he will make readers […]
Americans and Britons are being jailed in dividend tax case
The indictment against the three British and three US nationals was filed in April. They are accused of fraud with respect to the refund of dividend tax. The amount is 1.1 billion kroner. However, as there is no prospect of them voluntarily appearing for the upcoming criminal case, the prosecution will initiate a process of […]
The Danish vaccine plan risks another delay
This is the assessment of chief analyst Mikael Olai Milhøj from Danske Bank, who is closely following the roll-out of vaccines. The assessment comes after a German state minister on Tuesday stated that the vaccine from CureVac will arrive in August at the earliest and not July, as the Danish Health and Medicines Authority expects. […]
Consumer confidence in the Finnish economy increased in May
According to Statistics Finland, data on consumer confidence in the Finnish economy improved in May. Overall, consumer confidence was slightly lower than in the previous month, with the Consumer Confidence Indicator (CCI), which gives an idea of ​​future household consumption and savings plans, standing at 2.7 in May, up from 3.8 in April. In March, […]
Fresh Trade and other companies spread fog over billions
In the tourist shop on Main Street in a town on the islands, 147 different companies were registered. Among them is the company Afford Asia, which has allegedly traded with one of the Danish limited partnerships that form the core of the money laundering case. Like the suspicious Danish limited partnerships, Afford Asia was a […]
Woman in money laundering case rejects knowledge of accounts in Danske Bank
And now the woman is being charged with money laundering of the huge amount along with two other persons who were attached to the two companies. But the woman, who was employed and for a period also director, thus rejects knowledge of accounts at Danske Bank. If it was a coincidence that all 43 companies […]
Woman required jailed for money laundering of 30 billion
In a case of money laundering of DKK 30 billion through Danske Bank’s branch in Estonia, the Bagmandspolitiet demands the custody of a Lithuanian woman on Thursday.
Money laundering of billions in Danske Bank leads to imprisonment
After more than three hours, the request is complied with by the judge. The woman is jailed until June 16. There is reason to believe that she will commit money laundering again and that she will flee, it sounds. The unusual charge is read out by senior prosecutor Rasmus Maar Hansen. – My client denies […]
Money laundering of billions in Danske Bank leads to demands for imprisonment
It appears from the accusation that senior plaintiff Rasmus Maar Hansen reads out in a court hearing in Copenhagen City Court on Thursday. – My client denies guilt, says the woman’s defender, lawyer Ulrik Sjölin. The alleged money laundering must have taken place over a number of years. From December 2008 until March 2016, the […]
Major players: red-hot housing market needs intervention
Experts predicted a decline in the housing market due to COVID-19, but nothing seems further away from the truth – the housing market is exploding. Time for intervention according to Per Callesen, head of Danmarks Nationalbank, and Allan Polack, a top manager at Denmark’s largest pension company PFA. New figures from Boligsiden reveal that the […]
Business Round-Up: Denmark spends over DKK 60 million on corona tests a day
Almost half a million Danes are tested a day – which is an expensive price for the government, reports DR. It calculates that it costs on average more than 60 million kroner a day to perform all the tests. The average daily price was based on the period from April 28 to May 3 and […]
Person in England charged by Danish police for laundering billions
The investigation has been going on since the summer of 2019, and the charge against one of the three people was raised in October of the same year, it has previously emerged. But the investigations pull out in relation to the expectation that the then head of the Bagmandspolitiet, Kirsten Dyrman, expressed last year. – […]
Heunicke is called in consultation on vaccine plan
Therefore, the Conservatives’ health spokesman, Per Larsen, will hear the minister what considerations the government is making to avoid what he describes as a nightmare scenario. – It should shed light on how much security we have to get the vaccines delivered on which agreements have been made, he says. – If we get all […]
Business Round Up: Minister condemns “greedy” Danske Bank for lowering the limit for negative interest-free accounts
Since June last year, Danske Bank has charged a cash negative interest rate to account holders with moderate savings, which has gradually lowered the threshold in the following months to only DKK 250,000. And now there has been news that account holders with savings of more than 100,000 kroner are obliged to pay a negative […]
Minister: Greedy banks must put the brakes on negative interest rates
The Danish banks must stop demanding payment from more customers in order to have their money in the bank. This is how it sounds from Minister of Trade and Industry Simon Kollerup (S). – It can not continue in this way. The banks have almost stumbled over each other in recent months, where they have […]
Analyst: “More paper mills will be closed”
This week came the news that Stora Enso plans to close the paper mill in Kvarnsveden in Borlänge. Even if that message came as a surprise to many, there will probably be more mills that close down soon. Per Lindvall, financial journalist and industry analyst, and Johan Freij, industry analyst and division manager at Danske […]
Strong differences in the dividends of large Nordic companies
There are large differences in how the dividends, of money to shareholders, from large companies in the Nordic region have developed over the past two years and the Swedish companies have had by far the largest increase this year, according to Ekot’s survey. Molly Guggenheimer, equity strategist at Danske Bank, says that this is partly […]
Business Round-Up: Danes among the biggest victims of card fraud in Europe
People in Denmark are among the biggest victims of card fraud in Europe, according to a report prepared by Uswitch. People in Denmark lost 7,274 euros per. 1,000 inhabitants in 2020 and placed the country as number three on the ranking behind the UK (10,414) and Ireland (7,949). The top ten were France, Luxembourg, Malta, […]
Danske Bank’s CEO goes after criminal suspicions
Danske Bank’s CEO Chris Vogelzang is leaving his post, the bank’s board announces. Chris Vogelzang questions the allegations. The announcement comes after Dutch authorities identified Vogelzang as a suspect in an investigation into money laundering at the bank ABN AMRO, where Vogelzang previously worked. “I do not want suspicions about my person to stand in […]
Finnish exports and industrial orders recovering
The Finnish export industry has produced good news in recent weeks and months. New orders in manufacturing grew by 18.9 per cent year-on-year in February, according to Statistics Finland. Orders grew in all industries, but the strongest increase was in the manufacture of paper and board products, where growth was 22.4 per cent. Seasonally adjusted […]
The Maersk family’s trusted advisor
The term was not attached to Lars-Erik Brenøe to suggest that the Maersk clan is rooted in Sicilian gangster business and severed horse heads. But it is an expression of how much the family treasures and trusts Brenøe, which has been part of the Maersk conglomerate for 30 years. On Monday 22 March, Brenøe turns […]
The economy sees a hint of recovery
At the end of last year, Finland’s economic growth was two per cent lower than in the previous year. Economists now estimate that annual growth for the whole of 2020 fell by about three percent. According to Statistics Finland’s figures, seasonally adjusted GDP rose by about 0.2 per cent in October to December from the […]
Business Round-Up: Danish exports are growing despite the hit 2020
A hard last year worldwide saw exports of Danish goods and services in 2020 by 9 percent compared to 2019 according to Statistics Denmark – a figure equivalent to 111.5 billion kroner. Despite this dismal report, growth of 3.3 percent in November last year gives cause for optimism in the new (and hopefully eventually corona-free) […]
Danes are choosing domestic options over foreign travel this summer
Denmark is scheduled to be fully vaccinated at the end of June, just in time for Roskilde Festival and the traditional July break, but most Danes do not wake up abroad, according to a new study. Only 22 percent travel abroad for their holiday and leave 59 percent to spend the holiday at home, according […]
Economist on billion-dollar finance law: You can not starve yourself fast
The agreement means that new initiatives worth DKK 16 billion will be implemented over the next four years. According to Las Olsen, who is chief economist at Danske Bank, the state can still afford to continue spending money. – When there are good years, we save up, and when there are bad years, we spend. […]
